Polymarket paid creators to stage fake winning bets on dummy sites: WSJ
The Block·
60-second summary
Polymarket is accused of staging fake winning bets on dummy sites by paying creators to produce hype videos, with over 1,100 videos reviewed by The Journal revealing none of the approximately $1.9 million in bets shown were real, raising concerns about the platform's integrity and potential market manipulation, impacting investor trust in the crypto space.
The Journal reviewed more than 1,100 videos and found none of the roughly $1.9 million in bets shown in influencer-produced hype videos were real.